NOT LISTED FOR SALE

71 Mercantile Way Ladera Ranch, CA 92694

Estimated Value: $1,101,080 - $1,198,000

3 Beds
2.5 Baths
1,600 Sq Ft
$724/Sq Ft Est. Value

Last Sold July 26, 2012

Last sale price $395,000 $247 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $6,952/month

Highlights

  • Spa
  • Clubhouse
  • Covered Patio or Porch
  • Chaparral Elementary School Rated A
  • Mediterranean Architecture
  • Breakfast Area or Nook

About This Home

As of September 2012

This bright and cheery detached home sits back from the street and offers an open floorplan. The property features a lovely front porch accented by a stylish Spanish exterior. The Kitchen has corian countertops with lots of counter space, new stove, new carpet, freshly painted, laundry closet and access to the side yard. Lovely Master Bedroom includes a walk-in closet w/built-ins and luxury Bathroom with separate shower. Secondary Bedrooms are large, one with a walk-in closet. Additional upgrades include ceramic tile floors, plantation shutters, and leaded glass windows. This home is in the sought-after Town of Ladera Ranch, featuring access to award-winning public schools, extensive recreational amenities, and steps to pocket parks and plunge pools.

Last Agent to Rent the Property

Sommer Myers

Coldwell Banker Realty License #01449473 Listed on: 08/08/2012

Coldwell Banker Realty

Last Renter's Agent

Sommer Myers

Coldwell Banker Realty License #01449473 Listed on: 08/08/2012

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,940

Year Built

  • Built in 2001

Lot Details

  • 2,272 Sq Ft Lot
  • Wood Fence
  • Front Yard Sprinklers

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Planned Development
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Living Room
  • Family or Dining Combination

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Spa
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,800
  • Rent includes association dues, gardener
  • 12-Month Minimum Lease Term
  • Tax Lot 51
  • Tax Tract Number 15886
  • Assessor Parcel Number 75946150

Community Details

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,940

Year Built

Built in 2001

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: Credit Report
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 2800
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Gables, The
  • View: No
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 75946150
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1600.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area, Breakfast Nook, In Family Room
  • Fireplace Features: Family Room, Gas Starter
  • Levels: Two
  • Price Per Square Foot: 1.75
  • Room Type: Living Room, Walk-In Closet
  • Spa Features: Association

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Covered, Concrete, Slab
  • Pool Features: Association
  • Pool Private: No
  • Roof: Concrete, Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Clubhouse, Pool, Spa/Hot Tub
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Capistrano Unified

Lot Info

  • Lot Features: Planned Unit Development, Sprinklers In Front
  • Lot Size Sq Ft: 2272.00
  • Lot Size Acres: 0.0520

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 2272.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener

Tax Info

  • Tax Lot: 51
  • Tax Tract Number: 15886

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
Shadow Investments Llc
Bought by
Hopkins Nicole J
Current Estimated Value
$1,158,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2013
Sold by
Smith Wendy Lou
Bought by
Shadow Investments Llc

Purchase Details

Closed on
Dec 28, 2012
Sold by
Smith Jeffrey A
Bought by
Smith Wendy Lou and The Smith Family Trust

Purchase Details

Listed on
Aug 8, 2012
Closed on
Aug 1, 2012
Sold by
Smith Jeffrey A
Bought by
Smith Jeffrey A and Smith Wendy Lou
Seller's Agent
Sommer Myers
Coldwell Banker Realty
Buyer's Agent
Sommer Myers
Coldwell Banker Realty
Sold Price
$2,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%

Purchase Details

Listed on
Aug 8, 2012
Closed on
Jul 13, 2012
Sold by
Smith Wendy Lou
Bought by
Smith Jeffrey A
Seller's Agent
Sommer Myers
Coldwell Banker Realty
Buyer's Agent
Sommer Myers
Coldwell Banker Realty
Sold Price
$2,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2012
Sold by
The Bank Of New York Mellon
Bought by
Smith Jeffrey A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2012
Sold by
Delmarmol Laura
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jan 6, 2011
Sold by
Delmarmol Laura and Choi Teddy
Bought by
Ladera Ranch Maintenance Corporation and Larmac

Purchase Details

Closed on
Nov 7, 2006
Sold by
Delmarmol Laura
Bought by
Delmarmol Laura and Choi Teddy

Purchase Details

Closed on
Aug 9, 2006
Sold by
Choi Teddy
Bought by
Delmarmol Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 12, 2005
Sold by
Delmarmol Laura
Bought by
Delmarmol Laura and Choi Teddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,920
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 8, 2003
Sold by
Minardi Shannon Lynne
Bought by
Lind Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,920
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2003
Sold by
Basterrechea Jesus Mariano and Basterrechea Christine Marie
Bought by
Minardi Shannon Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,920
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2003
Sold by
Martinez Judith Ann
Bought by
Basterrechea Jesus Mariano and Basterrechea Christine Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,800
Interest Rate
5.83%

Purchase Details

Closed on
Oct 22, 2001
Sold by
K Hovnanian At The Gables Llc
Bought by
Martinez Judith Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,350
Interest Rate
6.37%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hopkins Nicole J $765,000 Wfg National Title Company
Shadow Investments Llc -- None Available
Smith Wendy Lou -- None Available
Smith Jeffrey A -- None Available
Smith Jeffrey A -- Lansafe
Smith Jeffrey A $391,000 Landsafe Title
The Bank Of New York Mellon $354,285 Landsafe Title
Ladera Ranch Maintenance Corporation $9,841 Accommodation
Delmarmol Laura -- None Available
Delmarmol Laura -- Financial Title Co Gardena
Delmarmol Laura -- --
Delmarmol Laura $600,000 Southland Title
Lind Richard $460,000 Stewart Title
Lind Richard -- Stewart Title
Minardi Shannon Lynne -- --
Basterrechea Jesus Mariano $383,500 First American Title Co
Martinez Judith Ann $303,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hopkins Nicole J $612,000
Previous Owner Smith Jeffrey A $293,250
Previous Owner Delmarmol Laura $588,000
Previous Owner Delmarmol Laura $479,920
Previous Owner Lind Richard $367,920
Previous Owner Basterrechea Jesus Mariano $306,800
Previous Owner Martinez Judith Ann $242,350
Closed Basterrechea Jesus Mariano $57,525
Closed Lind Richard $45,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/06/2012 09/06/12 Rented $2,800 -1.8% --
09/06/2012 09/06/12 Under Contract -- -- --
08/08/2012 08/08/12 For Rent $2,850 0.0% --
07/26/2012 07/26/12 Sold $395,000 +2.6% $247 / Sq Ft View Prior Sale
04/24/2012 04/24/12 Pending -- -- --
04/21/2012 04/21/12 For Sale $385,000 -2.5% $241 / Sq Ft
04/18/2012 04/18/12 Off Market $395,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,940 $811,824 $610,110 $201,714
2024 $9,940 $795,906 $598,147 $197,759
2023 $9,774 $780,300 $586,418 $193,882
2022 $9,619 $765,000 $574,919 $190,081
2021 $6,297 $444,818 $259,152 $185,666
2020 $6,203 $440,257 $256,494 $183,763
2019 $6,244 $431,625 $251,465 $180,160
2018 $6,212 $423,162 $246,534 $176,628
2017 $6,268 $414,865 $241,700 $173,165
2016 $6,205 $406,731 $236,961 $169,770
2015 $6,257 $400,622 $233,402 $167,220
2014 $6,292 $392,775 $228,830 $163,945
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S708037

California Regional Multiple Listing Service (CRMLS)

APN: 759-461-50